Salasar Techno Engineering announces expansion, hiring plans

Infrastructure solution provider company, Salasar Techno Engineering Limited, has announced Rs. 100 cr investment for the company’s ongoing expansion plans, as per a company statement. 

"The company is in the process of expanding at two fronts currently, hence the investment will focus on these. Firstly, the company is all set to put up world’s largest galvanizing plant to cater to power transmission line monopoles. This will help achieve better efficiency in terms of operations and improved top and bottom lines. Approx. investment in this sector will include Rs 50 cr. Also, approximately 12-15 acres of land will be acquired for the undertaking. The plant is likely to be commissioned by end of October/mid-November 2022," the company statement added.

Also, company informed that it is setting up a new fabrication unit at Bhilai (Chhattisgarh) spread over an area of more than 13 acres. 

"This unit will manufacture heavy steel structures for steel plants, refineries, cement plants and various other industries. Expected investment rolls over Rs. 50 cr. In this sector too. The plant should be operational by September 2022," adds company statement.

Moreover, the company announced that it will hire 500-600 people in sync with the expansion plans.

"Setting up of two projects will require manpower to smoothly run the process. People will be hired for various roles including logistics, warehousing, operations, and productions and for regular in-house operations," the company said.

Speaking about the announcement Shashank Agarwal, Joint MD, Salasar Techno Engineering Limited, said, “The demand from telecom sector has grown post Covid. The new thrust by the government to create a better infrastructure all across various sectors has created lot of demand from the core industrial sector. The upcoming 5G spectrum is also likely to create a very good demand from telecom sector. To give us the necessary competitive edge, we are working well in advance so as to cater to the demands arising in the near future. As a business enterprise we are constantly looking to tap emerging opportunities.”